In his eight years at the helm of America's central bank, Jerome Hayden Powell has guided the U.S. economy through extreme tumult and fought off unprecedented presidential efforts to undermine the Federal Reserve's independence. - But that's not what I'll tell my now-young children about Powell once they're old enough to care about central bankers. The big picture: It is Powell's approach to duty and public service that is his ultimate legacy as a leader and that will shape his place in history. - The specific highs and lows of his chairmanship, which ends Friday, flow from an underlying sensibility that seems almost from another time. - In an era when attention, outrage, and spectacle are the currency of the realm, he put his head down…
In his eight years at the helm of America's central bank, Jerome Hayden Powell has guided the U.S. economy through extreme tumult and fought off unprecedented presidential efforts to undermine the Federal Reserve's independence. - But that's not what I'll tell my now-young children about Powell once they're old enough to care about central bankers. The big picture: It is Powell's approach to duty and public service that is his ultimate legacy as a leader and that will shape his place in history. - The specific highs and lows of his chairmanship, which ends Friday, flow from an underlying sensibility that seems almost from another time. - In an era when attention, outrage, and spectacle are the currency of the realm, he put his head down…Open
Three years after King Charles III was crowned, the Royal Opera House in London hung plush new stage curtains bearing the monarch’s insignia — but only after the old ones gave up the ghost.
Three major conflicts are shaping America's AI race against China in real time, with changing global dynamics shifting the terms week by week: - The race with China on advancing AI models - Conflicting federal vs. state laws in the U.S. - European AI policy Why it matters: All three factors are fraught with politics and delicate dynamics, and all will help determine whether the U.S. continues to lead the world in advanced AI. What they're saying: AI leaders recognize that the technology is so big that it requires global cooperation, even with the fears that China is stealing U.S. technology or is not aligned with U.S. values. - That's an especially relevant topic during President Trump's China summit this week. - AI "transcends a lot…
Three major conflicts are shaping America's AI race against China in real time, with changing global dynamics shifting the terms week by week: - The race with China on advancing AI models - Conflicting federal vs. state laws in the U.S. - European AI policy Why it matters: All three factors are fraught with politics and delicate dynamics, and all will help determine whether the U.S. continues to lead the world in advanced AI. What they're saying: AI leaders recognize that the technology is so big that it requires global cooperation, even with the fears that China is stealing U.S. technology or is not aligned with U.S. values. - That's an especially relevant topic during President Trump's China summit this week. - AI "transcends a lot…Open
The CEOs of Meta, Alphabet, TikTok and Snap have been invited back to Capitol Hill for a broad oversight hearing in June, Axios has learned. - Senate Judiciary Committee Chairman Chuck Grassley is planning a June 23 hearing titled "Examining Tech Industry Practices and the Implications for Users and Families: Is This Social Media's Big Tobacco Moment?" per committee spokesperson Hannah Akey. - The hearing will look at Big Tech and AI safety oversight, Akey said, along with other issues like whistleblower retaliation. Why it matters: The hearing comes as social media and AI companies are facing mounting lawsuits , including some first-time losses , and Capitol Hill gets closer to passing kids' online safety legislation. - Social media…
The CEOs of Meta, Alphabet, TikTok and Snap have been invited back to Capitol Hill for a broad oversight hearing in June, Axios has learned. - Senate Judiciary Committee Chairman Chuck Grassley is planning a June 23 hearing titled "Examining Tech Industry Practices and the Implications for Users and Families: Is This Social Media's Big Tobacco Moment?" per committee spokesperson Hannah Akey. - The hearing will look at Big Tech and AI safety oversight, Akey said, along with other issues like whistleblower retaliation. Why it matters: The hearing comes as social media and AI companies are facing mounting lawsuits , including some first-time losses , and Capitol Hill gets closer to passing kids' online safety legislation. - Social media…Open
Dozens of deaths and hundreds of infections are suspected, an African agency said. Health experts were alarmed that the outbreak hadn’t been announced sooner.